Aug 20, 2011

Indian Government received list of 600 Indians who got bank accounts in Swiss banks

Indian Government received list of 600 Indians who got bank accounts in Swiss banks

Rediff reported that Indian finance ministry has as received over 600 names of Indians who have accounts in HSBC Bank's Switzerland branch, from the government of France.

Indian government is not sharing those names with the Indians.

Indian government has not informed the people the Indian citizens the masters of Indian government so far, about the details of Swiss account holders it has received from France.

Who is Herve Falciani ?

He is from morocco and got the degree in computer programming.

In 2000 he joined HSBC Bank.

He wrote security software for the bank.

In 2006 he got promotion and moved to o HSBC's private banking headquarters in Geneva.

2 years back Falciani wrote to tax regulators around Europe, telling them he had the client account information of thousands of tax evaders using his Swiss bank, HSBC, to hide their assets.

HSBC said that Falciani copied thousands of files of wealthy clients of its Swiss private-banking arm.

The bank said bank does not know how he got the data, the client list.

Falciani list contains the names of customers from 180 countries.

the public prosecutor in France said that 80,000 account holders in total have been identified, 8,000 of them French. After that France gave him a new identity.

But using his real name he gave many interviews.

I do not think Indian government will ever tell us the names of account holders.

In short about HSBC bank -

HSBC Holdings is a global financial services company headquartered in London, United Kingdom.

According to Forbes Magazine HSBC is the world's sixth-largest banking and financial services group and the world's eighth-largest company.

It has around 8,000 offices in 87 countries and territories across Africa, Asia, and Europe, North America and South America and around 100 million customers.

HSBC Holdings plc was founded in London in 1991 by The Hong Kong and Shanghai Banking Corporation to act as a new group holding company and to enable the acquisition of UK-based Midland Bank. The origins of the bank lie in Hong Kong and Shanghai, where branches were first opened in 1865.